tenancy
155 Alexandra Road, Ford, Plymouth PL2 1JY, UK
Approx. Total Ingoings
£5,000Annual Rent
£20,000The Ford Inn is a fantastic community locals pub which is located in a large residential suburb of the vibrant City of Plymouth, Devon. The pub trades as a traditional local drinkers pub that serves quality beers and offers a wide range of activities to suit all ages and demands, including pool, darts, and live sports viewing. Internally there are two separate trading areas, split across two levels, both catering for different customers, whilst externally this is also split across two levels and can accommodate around 20 covers. Overall, the Ford Inn offers an excellent opportunity for a new starter or experienced publican who thrives on being involved in the local community.
Private Accommodation: The private accommodation is very spacious and well maintained, and comprises three bedrooms, a lounge, kitchen, and bathroom.
Indoor trading area
Two separate trading areas are catered for by one bar servery. The first trading area is the public bar which is the largest and is split on two levels. The other is a small snug which is popular with elderly customers. Live sports are shown on TV, and a pool table and darts board have their own space. The pub currently has live music once a month.
Outdoor trading area
Concrete-based seating areas are split onto two levels and can accommodate around 20 to 30 covers. The smoking solution is located at the rear of the pub under a shelter in one of the external drinking areas
Regional Manager Comments
The customer base here is totally local and all live within a short walking distance from the pub, so they are extremely loyal to the business. The potential here is to maintain the existing customer base plus attract new customers by providing excellent service standards and a warm welcome. The pub has to have a busy and active calendar of activities which suit all ages and demands.
Retail Partnership Tenancy
Live Music Private Accommodation Cask Ale Live Sports
Approx. Total Ingoings
£5,000
Annual Rent
£20,000
Potential Turnover: £234,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £20,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £5,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £0 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
